LIFT Intersects 14 m at 1.50% Li2O at the Ki pegmatite and 10 m at 1.75% Li2O at the Shorty pegmatite, Yellowknife Lithium Project, NWT
LIFT Intersects 14 m at 1.50% Li2O at the Ki pegmatite and 10 m
at 1.75% Li2O at the Shorty pegmatite, Yellowknife Lithium Project,
NWT
November 21st, 2023 – Vancouver, B.C., Li-FT Power Ltd. (“LIFT” or the “Company”) (TSXV: LIFT)
(OTCQX: LIFFF) (Frankfurt: WS0) is pleased to report assays from 5 drill holes completed at the
Ki, Shorty and BIG East pegmatites within the Yellowknife Lithium Project (“YLP”) located outside
the city of Yellowknife, Northwest Territories (Figure 1) . Drilling has intersected significant
intervals of spodumene mineralization, with the following highlights:
Highlights:
• YLP-0080: 14 m at 1.50% Li2O, (Ki)
• YLP-0089: 10 m at 1.75% Li2O, (Shorty)
and: 5 m at 1.15% Li2O
and: 3 m at 1.51% Li2O
• YLP-0086: 14 m at 1.16% Li2O, (BIG East)
and: 10 m at 1.45% Li2O
• YLP-0082: 15 m at 1.07% Li2O, (Shorty)
Francis MacDonald, CEO of LIFT comments, “We are pleased with the high-grade intersection of
14 meters at 1.50% Li2O returned from the Ki pegmatite in this release. Previous drilling at Ki was
returning grades averaging around 0.90% Li 2O, so this increase in grade is a welcome surprise.
BIG East and Shorty continue to deliver excellent results as well.”
Discussion of Results
This week’s drill results are for five holes from three different pegmatite dykes, including Ki (YLP-
0080), Shorty (YLP -0082, 83, 89), and BIG East (YLP -0086). A table of composite calculations,
some general comments related to this discussion, and a table of collar headers are provided
towards the end of this section.
Figure 1 – Location of LIFT’s Yellowknife Lithium Project. Drilling has been thus far focused on the Road Access Group of
pegmatites which are located to the east of the city of Yellowknife along a government-maintained paved highway, as well as the
Echo target in the Further Afield Group.
Shorty Pegmatite
The Shorty pegmatite is one of several dykes occurring within broader corridor that is north -of-
northeast striking. The Shorty pegmatite itself comprises a braided zone of dykes that dips 50 °-
70° to the west-northwest and extends for at least 700 m on surface and 200 m downdip. LIFT
drilling shows that this pegmatite may comprise a single dyke up to 25 m wide or 2 -4 dykes
between 1-15 m wide that occur over 30-40 m of core length.
YLP-0082 was designed to test the Shorty dyke 50 m from its northern end and 25 m vertically
beneath the surface. Drilling intersected a single, 17 m wide, pegmatite dyke that returned an
assay composite of 1.07% Li2O over 15 m.
YLP-0083 was drilled 100 m north of YLP -0082 and therefore 50 m past the northern -most
mapped extent of the Shorty pegmatite, with the aim of testing the northward extension of this
dyke at 25 m vertically beneath the surface. Drilling intersected two dykes; an upper 1 m wide
pegmatite and a lower 10 m wide dyke that includes a 2 m panel of country rock. Assays for both
dykes returned insignificant grades.
YLP-0089 likewise tested a 50 m northward extension of the Shorty pegmatite but at 50 m
vertically beneath the surface. Results from this hole were significantly better than YLP-0083, with
drilling cutting five 1-12 m wide dykes over a 49 m interval of dri ll collar followed by a sixth, 9 m
wide, dyke that starts 33 m further down the hole. Notable assay composites include 1.15% Li2O
over 5 m and 1.75% Li2O over 10 m for the two upper-most dykes as well as 1.51% Li2O over 3 m
for the lower-most one. The thre e narrowest dykes, each of which ranges between 1 -2 m thick,
returned negligible grades. The results of this hole are important in confirming that mineralization
extends beyond the currently mapped extent of the Shorty pegmatite (Table 1 & 2, Figures 2, 3, &
4).
Figure 2 – Plan view showing the surface expression of the Shorty pegmatite with diamond drill holes reported in this press release.
Figure 3 – Cross-section of YLP-0082 which intersected the Shorty pegmatite dyke with a 15 m interval of 1.07% Li2O.
Figure 4 – Cross-section of YLP-0089 which intersected the Shorty pegmatite dyke with a 10 m interval of 1.75% Li2O.
Ki Pegmatite
The Ki pegmatite is one of several dykes occurring within a longer corridor that is broadly north -
of-northwest striking. The Ki dyke itself trends parallel to this corridor and extends for at least
1,000 m on surface and 100 m downdip, is around 20 m thick, and dips between 65° -80° to the
southwest. The thicker dyke is here referred to as the main dyke and is typically flanked by one or
more narrower (1-5 m wide) dykes.
YLP-0080 was designed to test the Ki pegmatite 150 m from its northwestern end and 25 m
vertically beneath the surface. Drilling intersected a single pegmatite that is 14 m thick and
returned a wall-to-wall assay composite of 1.50% Li2O over 14 m (Table 1 and 2, Figures 5 & 6).
Figure 5 – Plan view showing the surface expression of the Ki pegmatite with diamond drill hole reported in this press release.
Figure 6 – Cross-section illustrating YLP-0080 with results as shown in the Ki pegmatite dyke with a 14 m interval of 1.50% Li2O.
BIG East Pegmatite
The BIG East pegmatite swarm comprises a 35-90 m wide corridor of parallel-trending dykes that
dips around 55 °-75° degrees west and extends for at least 1,300 m along surface and 200 m
downdip.
YLP-0086 was designed to test the BIG East swarm 450 m from its northern end and
approximately 70 m vertically beneath the surface. Drilling intersected two pegmatite dykes that
are 11 and 19 m in core length and separated from each other by 6 m of metasedimentary country
rock. The upper dyke returned an assay composite of 1.45% Li2O over 10 m whereas the lower
dyke returned 1.16% Li2O over 14 m (Table 1 and 2, Figures 7 & 8).
Figure 7 – Plan view showing the surface expression of the BIG East pegmatite with diamond drill hole reported in this press
release.
Figure 8 – Cross-section illustrating YLP-0086 with results as shown in the BIG East pegmatite dyke with a 14 m interval of 1.16%
Li2O.
Table 1 – Assay highlights for drill holes reported in this press release.
Hole No. From (m) To (m) Interval (m) Li2O% Dyke
YLP-0080 8 22 14 1.50 Ki
YLP-0082 10 25 15 1.07 Shorty
YLP-0083 No significant results Shorty
YLP-0086
and
60 70 10 1.45 BIG East
80 94 14 1.16 BIG East
YLP-0089
and
and
8 13 5 1.15 Shorty
18 28 10 1.75 Shorty
88 91 3 1.51 Shorty
Drilling Progress Update
The Company has now concluded its 2023 drill program at the Yellowknife Lithium Project with
34,238 m completed. Currently, LIFT has reported results from 87 out of 198 diamond drill holes
(15,333 m).
General Statements
All five holes described in this news release were drilled broadly perpendicular to the dyke
orientation so that the true thickness of reported intercepts will range somewhere between 65-
100% of the drilled widths. A collar header table is provided below.
Mineralogical characterization for the YLP pegmatites is in progress through hyperspectral core
scanning and X- ray diffraction work. Visual core logging indicates that the predominant host
mineral is spodumene whereas other significant non -lithium bearing phases include quartz and
feldspar.
Drill Hole Easting Northing Elevation (m) Azimuth (°) Dip (°) Depth (m) Dyke
YLP0080 373,098 6,942,846 257 56 45 33 Ki
YLP0082 372,968 6,938,192 249 123 50 45 Shorty
YLP0083 373,018 6,938,275 251 124 45 60 Shorty
YLP0086 345,988 6,933,022 207 120 45 131 BIG East
YLP0089 372,962 6,938,313 251 124 45 119 Shorty
QAQC
All drill core samples were collected under the supervision of LIFT employees and contractors.
Drill core was transported from the drill platform to the core processing facility where it was
logged, photographed, and split by diamond saw prior to being sampled. Samples were then
bagged, and blanks and certified reference materials were inserted at regular intervals. Field